BRT Apartments (NYSE:BRT) Director Purchases $139,777.68 in Stock

Key Points

• BRT Apartments Director Fredric Gould purchased $139,777.68 worth of stock, acquiring 8,758 shares at an average price of $15.96 per share, increasing his total holdings to 466,457 shares.
• The company announced a quarterly dividend of $0.25 per share, resulting in an annualized dividend yield of 6.1%, with the payout scheduled for October 6th.
• Wall Street analysts have downgraded BRT Apartments from a "hold" to a "sell" rating, although the consensus rating remains a "Moderate Buy" with a price target of $21.00.

BRT Apartments Corp. (NYSE:BRT - Get Free Report) Director Fredric Gould bought 8,758 shares of the company's stock in a transaction dated Wednesday, September 10th. The stock was purchased at an average cost of $15.96 per share, for a total transaction of $139,777.68. Following the completion of the acquisition, the director owned 466,457 shares in the company, valued at $7,444,653.72. This trade represents a 1.91% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

BRT Apartments Stock Performance

BRT Apartments stock traded up $0.31 during midday trading on Thursday, reaching $16.45. 27,946 shares of the company's stock were exchanged, compared to its average volume of 30,668. The stock's 50-day simple moving average is $15.49 and its 200 day simple moving average is $16.02. The firm has a market cap of $311.30 million, a price-to-earnings ratio of -33.56 and a beta of 0.94. The company has a debt-to-equity ratio of 2.51, a quick ratio of 1.75 and a current ratio of 1.75. BRT Apartments Corp. has a 52 week low of $14.17 and a 52 week high of $20.22.

BRT Apartments Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 6th. Investors of record on Wednesday, September 24th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.1%. BRT Apartments's payout ratio is presently -204.08%.

Hedge Funds Weigh In On BRT Apartments

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in BRT Apartments by 10,464.3% during the 1st quarter. GAMMA Investing LLC now owns 1,479 shares of the financial services provider's stock worth $25,000 after purchasing an additional 1,465 shares during the last quarter. Osaic Holdings Inc. increased its position in BRT Apartments by 111.8% during the 2nd quarter. Osaic Holdings Inc. now owns 1,809 shares of the financial services provider's stock worth $28,000 after buying an additional 955 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of BRT Apartments by 131.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,745 shares of the financial services provider's stock worth $31,000 after buying an additional 991 shares in the last quarter. Strs Ohio bought a new stake in shares of BRT Apartments in the first quarter valued at about $39,000. Finally, BNP Paribas Financial Markets grew its stake in shares of BRT Apartments by 388.9% in the second quarter. BNP Paribas Financial Markets now owns 3,139 shares of the financial services provider's stock valued at $49,000 after acquiring an additional 2,497 shares in the last quarter. Institutional investors own 29.07% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded BRT Apartments from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, BRT Apartments currently has a consensus rating of "Moderate Buy" and an average price target of $21.00.

About BRT Apartments

BRT Apartments Corp. is a real estate investment trust. It engages in the ownership, operation, and holding interests in joint ventures that own and operate multi-family properties. The company was founded in June 1972 and is headquartered in Great Neck, NY.

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